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State & Local Tax

As you expand your business into new areas, operating in multiple tax jurisdictions challenges your tax strategy and can strain internal resources. CohnReznick’s State and Local Tax (SALT) Practice blends local expertise with national resources to help you efficiently comply with tax obligations, maximize opportunities, and reduce risk. We understand the rules, know your industry, and tailor our approach to your business.

Credits and Incentives

Federal, state, and local tax programs and incentives can help you finance new projects, expand your operations, train employees, and enhance your after-tax earnings. One of the largest tax credit practices in the country, CohnReznick’s team will identify the right strategic opportunities for your business and guide you through implementation — whether it’s tax exemptions and credits, job training credits, Research and Development (R&D) Credits, Work Opportunity Tax Credits (WOTC), or others.

Tax ramifications for the hybrid workplace

With the hybrid workplace becoming the new normal, employers need to consider what tax ramifications may apply to them. CohnReznick can help. Learn more.

  • Learn more about Tax ramifications for the hybrid workplace
Income Franchise and Gross Receipts Taxes

CohnReznick helps businesses operating in multiple states plan for and meet compliance requirements for income/franchise and gross receipts taxes, managing the total tax due. We understand the different state sourcing rules and can ensure that  you are properly sourcing your taxable income, prepare your annual state and local income tax returns, and recover overpaid taxes. We can also provide audit support, assist you in pursuing ruling requests and Voluntary Disclosure Agreements (VDAs) , and negotiate with taxing jurisdictions.

Nexus Reviews

If your business has operations in multiple states, you need to know where you’re subject to taxes and which taxes may be due. Through our nexus reviews, CohnReznick will review your operations, identify jurisdictions where return(s) may be due, and summarize the potential tax liabilities. We also develop strategies to minimize exposures and, if needed, we can assist in securing VDAs to help you manage your overall past tax risk.

Property Tax

CohnReznick has the experience to navigate the complex tax requirements associated with properties of all types. Our team works to minimize your property tax exposure and manage your tax compliance processes efficiently while also identifying all available exemptions, conducting fixed asset reviews and reclassifying properties as needed, and providing fair valuations.

  • Learn more about Property Tax
Sales and Use Tax

 Sales and use tax rules are more complex than ever, presenting known and unknown risks to businesses of all sizes.  We provide our clients with proactive, practical advice on sales and use tax filings and processes, taxability of products and services,  and other related issues.

State and Local Tax Credits and Incentives

CohnReznick’s SALT team can help businesses analyze and plan for state and local tax opportunities such as film, R&D, and jobs tax credits. Learn more.

  • Learn more about State and Local Tax Credits and Incentives
Tax Controversy

If you need to contest a state or local tax assessment, we can assist you with tax examinations, disputes, and appeals and can represent you before  tax authorities. For decades, we’ve helped our clients achieved favorable outcomes involving all state and local taxes. 

Transaction Planning/M&A Due Diligence

Our SALT professionals will advise your business on the tax implications of pending and past transactions, helping you develop tax-efficient strategies and structures to manage your state and local tax positions. We explore your company’s legal entity structuring, operations, short and long-term business objectives, and state and local tax positions as they relate to transaction and structure planning, identifying solutions that best address your goals.

Unclaimed Funds

Unclaimed property — such as unused gift certificates and gift cards — raises potentially complex tax risks for many businesses. CohnReznick can determine whether you have unclaimed property,  help you establish processes to monitor and mitigate risk, and assist you in unclaimed property reporting. We can also help you if your business is subjected to an unclaimed property audit.

Corey L. Rosenthal
JD, Principal, Practice Leader, State and Local Tax (SALT) Services
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Contact Corey
Impacts of Wayfair and remote work on income tax nexus
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CohnReznick Tax: Alerts and Webinars

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On-Demand Webinar: New Concerns Around State Pass-Through Entity Taxes and Their Impact
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South Dakota v. Wayfair:

State by State Guidance

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Related Insights
  • Insight
    Cannabis SALT Shaker: State and local tax developments (Q3 2023)
    Krista Schipp, Cassandra Baubie, Jamie Kelly
    Read about developments in cannabis tax rates and credits, state markets, Section 280E deductions, and more. In this issue: MN, TN, VT, MD, NY
  • Insight
    Texas property and franchise tax relief awaits voter approval
    Tony Franco, John Iannotti
    Two Texas bills up for approval Nov. 7 would adjust the school tax rate and expand the homestead exemption, among other forms of relief. Read more.
  • Insight
    New Jersey updates nexus rules for corporate business tax
    Harry Golematis, Corey L. Rosenthal
    New legislation implements a bright-line economic nexus standard, as well as adds activities not protected under P.L. 86-272. Read more.
  • Insight
    Ohio 2024-2025 fiscal year budget changes
    Arvinder Kaur, Jason Gajramsingh
    Ohio’s budget for fiscal years 2024-2025 has been signed into law and provides updates to the Commercial Activity Tax, PTET credit, Personal Income Tax, Housing Development Credits, and more.
  • Insight
    New Jersey adopts its own Convenience of the Employer rule
    Harry Golematis, Corey L. Rosenthal
    New legislation imposes N.J. income tax on nonresidents; creates new credits for residents; and incentivizes employers to relocate to the state.
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